:E-Commerce Times: LinuxOne IPO Aims to Duplicate Red Hat Success
E-Commerce Times: LinuxOne IPO Aims to Duplicate Red Hat Success Sep 24, 1999, 16 :14 UTC (7 Talkback[s]) (5715 reads) (Other stories by Matthew W. Beale)
"LinuxOne, Inc., a newly-formed developer of open-source software products and
services, this week filed for an IPO (initial public offering) with the Securities and
Exchange Commission. The announcement marks the second "post-Red Hat"
Linux-related public stock move."
"According to the filing, the Mountain View, California-based company is looking to
raise $24 million (US$) through the sale of 3 million shares of its common stock.
According to a LinuxOne statement, the stock price will fall somewhere between $6
and $8."
"Although LinuxOne has not yet disclosed information regarding the underwriters of the IPO, the company has
indicated that it has applied to sell its shares on Nasdaq under the symbol "LINX." LinuxOne offers tools, services
and products -- including its LinuxOne packaged operating system (OS) -- for Linux and other open-source
communities through its Web site."
